. >> in the debate, you saw mitt romney can no longer defend tax cuts for the rich. he wants to say i'm not for tax cuts for the rich, it's for small business. look at the definition. under the definition of small business -- >> hold that thought. let me play mitt romney making that case where he says you want to raise taxes, that's fine. you think you are going to stick it to rich people. really, you are going to stick it to the beloved small business owner. check it out. >> mr. president, you are right with regards to 97% of the businesses are not taxed at 35% tax rate, it's a lower rate. those businesses, the last 3% happen to employ half, half of all the people who work in small business. >> okay. please respond to that. there is so much nonsense in that little bit of sound. >> first of all, the statistic that it employs half is ridiculous. let's look at it carefully. under that definition of small business, i'm a business. why? because i have written a book. i get royalties. that's business income. mitt romney cuts my taxes. now, i'm not going to hire anyone. th